Excitement is building in the global energy sector as Tanzania prepares to continue its drive for new partners as a part of the 5th Oil and Gas Licensing Round with its partners TGS.
Spearheaded by the Petroleum Upstream Regulatory Authority (PURA) and its Director General, Mr. Charles Sangweni, this round offers unparalleled opportunities for exploration and investment.
Why Tanzania?
- Vast Offshore Potential:With 23 of the 26 available blocks located in the Indian Ocean, Tanzania’s offshore regions boast significant geological diversity, from Early Cretaceous to Miocene reservoirs.
- Rich Gas Reserves: Proven reserves, Tanzania has already discovered over 57 trillion cubic feet of natural gas, primarily in offshore fields. underscoring its status as a key player in East Africa’s energy landscape.
- Comprehensive Data Access: Through a partnership with TGS, PURA offers extensive 2D and 3D seismic data covering over 132,000 square kilometres, enabling detailed subsurface analysis for prospective investors.
- Strong Leadership: PURA have put a strong emphasis on the ease of doing business and Tanzania is now as strong above ground, as it is subsurface.
- Investor-Friendly Environment: Recent updates to the Model Production Sharing Agreement (MPSA) aim to enhance investment conditions, focusing on favourable fiscal terms and streamlined processes.
Meet PURA at AOW:Energy 2025
Join us at AOW:Energy 2025, taking place from 15–18 September in Accra, Ghana, where PURA and Mr. Charles Sangweni will provide in-depth insights into the licensing round, available blocks, and investment opportunities
